Jyothy may rope PE firms for Henkel India buyout
Jyothy Laboratories will consider private equity funding to digest a potential acquisition of Henkel India after some big global funds like Carlyle, TPG and Apax Partners approached it with commitments of USD 100 million each
NAVs end with positive returns
Equity diversified NAVs ended higher with advance:decline ratio of 261:1 as the Indian equity benchmarks sustained their upmove for the third consecutive session on Thursday, with the Sensex gaining more than 500 points in three days.
Large quake hits Myanmar near northern Thailand
A large 6.8 magnitude earthquake struck Myanmar near the border with northern Thailand on Thursday, killing one woman, police and witnesses said.
Japan quake to have short-term impact on Indian IT exports: NASSCOM
The earthquake and subsequent tsunami in Japan will have short term impact on Indian IT exports to that country, NASSCOM president Som Mittal said today.
DA hike to be effective from January 2011: Govt
The hike in dearness allowance of central government employees will be implemented from January this year, the Finance Ministry has said today.
UBI, Indiabulls get SEBI nod to enter MF space
After waiting for over a year, the state-run Union Bank of India has finally got the approval from the markets watchdog Sebi to enter the mutual fund (MF) arena.
SBI unions oppose move to merge associate banks
Thiruvananthapuram, Mar 24 (PTI) The officers and staff unions in State Bank of India (SBI) have expressed concern over the Centre's move to effect merger of SBI and the associate banks, arguing it would turn out to be a hindrance to the growth of Indian public sector banking system.
Will seriously consider formation of a financial sector super-regulator: FSLRC chairman
Financial Sector Legislative Reforms Commission chairman Justice BN Srikrishna told CNBC-TV18’s economic policy editor Siddharth Zarabi that he will seriously consider the formation of a financial sector super-regulator.
Oil prices seen above $100 through 2013
Oil prices will stay above USD 100 a barrel through 2013, a Reuters poll showed, as analysts sharply revised forecasts up because of political tensions in the Middle East.
Giving and making money have lot in common: Gates
He might have given up a lucrative career for philanthropy, but for Microsoft founder Bill Gates giving and making money have a lot in common.
Govt worried about fuel supplies from volatile Middle East:FM
Finance Minister Pranab Mukherjee today said the country was concerned by the ongoing turmoil in Middle East and North Africa as it imported two-third of its oil imports from the region.
What are the prospects for pension reform in India?
Finance Minister Pranab Mukherjee on Thursday introduced the Pensions Fund Regulatory and Development Authority (PFRDA) bill, paving the way for long-awaited pension reforms in Asia's third-largest economy.
Kotak Mahindra Bank launches interbank mobile payment service
Kotak Mahindra Bank today launched Interbank Mobile Payment Service (IMPS) for its customers.
Eros eyes 35% growth in bottomline for FY 12
Film content developer and aggregator, Eros International Media, is eyeing 35% growth in its bottom line for FY 12 as it will focus more on profitability than top line, a top official said today.
No Venture Fund has approached IT department for tax exemption
The Income-Tax Department is initiating an investigation to check if venture capital funds (VCF), regulated by the market watchdog, Securities and Exchange Board of India (SEBI), have complied with income-tax regulations mandatory under the law to be able to claim tax exemption as VCFs.
Crest Animation's new release Alpha & Omega collects over USD 50 millions
Crest Animation's new release Alpha & Omega collects over USD 50 millions.
Possible to maintain inflation at moderate level: Pranab
Finance Minister Pranab Mukherjee today said it would be possible to maintain inflation at a moderate level on account of measures taken by the government.
GAIL signs annual MoU with MoP&NG
GAIL targets for over 118 mmscmd Gas Transmission in FY 2011-12. The company signs annual MoU with MoP&NG.
Mindtree, Ashok Soota clarify position on stake sale and future plans
Mindtree and Ashok Soota clarify position on stake sale and future plans.
Subuthi Finance name changed to Indus Finance Corporation
Subuthi Finance has changed the name from
Buy HDFC; target of Rs 744: KRChoksey
KRChoksey is bullish on Housing Development Finance Corporation (HDFC) and has recommended buy rating on the stock with a target of Rs 744 in its March 24, 2011 research report.
PE Funds become extra cautious on pre- investment assessment
Various developments over the last two years led to an increased emphasis on more detailed pre investment due diligence within the PE industry in India.
Factor Bill to allow cos to seek legal option to recover debt
The factor bill proposes all factoring companies to be under RBI purview to ensure that the factoring operations of small scale industries have better access to working capital by selling of their receivables to a factor. The factors can also take legal recourse to recover assigned debt and receivables from buyers of goods and services.
Will Indian billionaires join Buffett's philanthropic efforts?
Two biggest names in philanthropy, Bill Gates and Warren Buffett are in New Delhi, taking initiatives to convince Indian billionaires to join their philanthropic efforts, reports CNBC-TV18’s Nayantara Rai.
Daiwa Mutual Fund launches Gilt Fund
Daiwa Mutual Fund has launched Daiwa Government Securities Fund – Short Term Plan that seeks to generate income and capital appreciation by investing predominantly in sovereign securities issued by the Central Government (including Treasury Bills) and /or by State Governments, with maximum average portfolio maturity of less than three years.
